Listed by 310-940-0168 - Adel Hamad - DRE #01937543 - Lifetime Realty Inc 714-363-3888
$1,629,000 affordable loan icon Calculate Payment

16227 Baseline Ave Fontana, CA 92336

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Land Residence
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Sq. Ft.
1.7 Acre Lot

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Last updated on 11/14/2024 8:20 AM
Introducing an Unbelievable Opportunity with Rare Zoning Flexibility! This exceptional lot offers nearly 90% of all commercial uses permitted within the city—a truly unique find! Whether you envision a thriving business hub or a residential multi-family development, the possibilities are endless. ... A conceptual plan has already been designed for a 36-unit complex featuring spacious 1- and 2-bedroom apartments. But here's where it gets even more exciting—with a senior housing project, you could potentially secure approval for over 70 units of efficiency and 1-bedroom apartments! Located just 2 minutes from the 210 Freeway, 6 minutes from the 15 Freeway, and a quick drive to the 10 Freeway, this lot is in prime proximity to everything. And with new homes by D.R. Horton being built just down the street, this area is poised for growth! The 36 units, if constructed, would command premium rents and be exempt from rent control for the first 15 years due to their new construction status. The potential resale value of these units, once built, is estimated at over $15 million, or you could retain them for a substantial cash flow investment. For more details contact the Fontana Planning Department... Don’t miss out on this extraordinary opportunity! Continue reading
MLS#
PW24205853
Property Type
Land
Status
Lot Size
1.7

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Listed by 310-940-0168 - Adel Hamad - DRE #01937543 - Lifetime Realty Inc 714-363-3888
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 11/14/2024 8:20 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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